Sales of whole fish live except for grow-out in Canada have shown significant variability between 2013 and 2023. Starting at CAD 190 million in 2013, the market experienced fluctuations with a notable peak in 2017 at CAD 379.3 million. Declines occurred in subsequent years, particularly in 2018 and 2019, but recovered sharply in 2021 and have been rising steadily since. In 2023, the sales stood at CAD 347.15 million. Year-on-year growth rates have also varied, reflecting market volatility with highs such as 44.58% in 2016 and lows of -27.3% in 2019. The CAGR for the last five years presents an average annual growth of 1.44%.
Future projections forecast a steady increase, with an expected value of CAD 394.87 million in 2028. The forecasted 5-year CAGR is 2.04%, indicating moderate growth. Future trends to watch for include sustainability initiatives, advancements in aquaculture technology, and regulatory changes that may impact market dynamics.
